Kirkland & Ellis

National Philanthropic Trust Names Linda K. Myers Chair of the Board of Trustees

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Banking, Accounting, Professional Services, Philanthropy, Fund Raising, Other Philanthropy, Foundation, Chambers and Partners, Georgetown University Law Center, LCI, Gen, Audit, Woman, NPT, Inode, Trustee, National Philanthropic Trust, MRX, University, Lyric, Saint Ignatius College, Lyric Opera of Chicago, Compensation, Field, Chicago Shakespeare Theater, Retirement, Acquisition, Corporate governance, Kirkland & Ellis, Kirkland, Nursing

National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.

Key Points: 
  • National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.
  • She has served as vice chair of NPT’s Board of Trustees and chair of the Compensation and Human Resources Committee.
  • “Linda’s extensive experience in law, business, and governance, along with her lifelong dedication to philanthropy, is an excellent foundation for her to be NPT’s board chair,” said Eileen Heisman, CEO of National Philanthropic Trust.
  • “Linda joined NPT’s Board of Trustees in the early days of the pandemic and quickly became a strategic voice on the board and in her committee leadership.

Parthenon Capital Sells Institutional Cash Distributors, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals, to Tradeweb Markets, Inc.

Retrieved on: 
Tuesday, April 9, 2024
Finance, Professional Services, Technology, Fintech, Software, Risk management, Growth, Partnership, LLP, Capital, ICD, Investment, Treasury, Kirkland & Ellis, CO, Moelis & Company

Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).

Key Points: 
  • Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).
  • Based in Golden, CO, the ICD portal services 500 corporate treasury clients (including nearly 20% of the S&P 100), across 65 industries and more than 45 countries.
  • Throughout the partnership, Parthenon Capital and management invested in the Company to build the market leading technology solution in corporate treasury liquidity and risk management.
  • “We are excited about our future with Tradeweb and our ability to continue providing innovative technology and exceptional service to our clients.

Tradeweb to Acquire ICD, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals

Retrieved on: 
Monday, April 8, 2024
Technology, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Analytics, Asset Management, Spinal muscular atrophies, Growth, Risk, Webcast, Research, Acquisition, ICD, Investment, Treasury, Analytics, FX, Multimedia, Hand, Kirkland & Ellis

The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.

Key Points: 
  • The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.
  • Portfolio Analytics is an AI-driven cloud solution for aggregating positions across a corporate treasury's entire portfolio for analysis and reporting.
  • Tradeweb CEO Billy Hult said: “ICD is an exceptional opportunity to acquire a leading investment platform for corporate treasurers, a fast-growing channel within fixed income markets and a strong strategic fit for Tradeweb.
  • As part of Tradeweb, ICD will also be positioned to drive the adoption of electronic trading for corporate treasurers.

Model N to be Acquired by Vista Equity Partners For $1.25 Billion

Retrieved on: 
Monday, April 8, 2024
Professional Services, Health, Data Analytics, Technology, Health Technology, Other Technology, Pharmaceutical, Culture, Growth, ARR, Model N, Sale, LLP, Senior, Medtech, Vista Equity Partners, Model, Jefferies Group, Kirkland & Ellis, HSR

Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.

Key Points: 
  • Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.
  • Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.
  • Upon completion of the transaction, Model N will become a privately held company and shares of Model N common stock will no longer be listed on any public market.
  • Jefferies LLC is serving as exclusive financial advisor and provided a fairness opinion to Model N, and Fenwick & West LLP is serving as legal counsel.

Blue Owl Capital Expands into Real Estate Finance with Acquisition of Prima Capital Advisors

Retrieved on: 
Tuesday, April 9, 2024
Real estate, HOM, Culture, Morgan Stanley, LLP, Acquisition, Scotiabank, Investment banking, Pleasure, Earnout, GIC, Blue Owl Capital, Pillsbury Winthrop Shaw Pittman, Wells Fargo, Kirkland & Ellis, J.P. Morgan & Co.

NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.

Key Points: 
  • NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.
  • Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities.
  • Blue Owl also announced that Jesse Hom, previously Global Head of Real Estate Credit at GIC, will join Blue Owl to lead the newly created Real Estate Finance strategy and serve as Chief Investment Officer for Blue Owl's Real Estate platform, reporting directly to Marc Zahr, Co-President of Blue Owl and Head of Real Estate.
  • Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz said: "This acquisition of Prima represents a further expansion of Blue Owl's suite of capital solutions, adding a differentiated and high-quality real estate lending capability and further diversifying our real estate platform.

Mesirow Names Ketan Shah to Newly Created Chief Strategy Officer Role, Reinforcing Focus on Growth Initiatives

Retrieved on: 
Monday, April 8, 2024
Ketan, Associate, General counsel, RIA, Corporate development, Growth, Acquisition, Kirkland & Ellis, Kirkland, Head, Management

Shah to partner with CEO, Board of Directors and executive leadership team

Key Points: 
  • Shah to partner with CEO, Board of Directors and executive leadership team
    CHICAGO, April 8, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the promotion of Ketan Shah to Chief Strategy Officer.
  • In this newly created role, Shah will partner closely with Mesirow's CEO, Board of Directors and leadership team to develop and implement the firm's strategic growth plans.
  • In addition to serving as Chief Strategy Officer, Shah will continue with his existing responsibilities as the firm's General Counsel and will continue to report to Natalie Brown, Mesirow's CEO.
  • "Ketan's promotion to Chief Strategy Officer is a testament to his outstanding contributions and deep understanding of our business," said Natalie Brown , Mesirow CEO.

ESGEN Acquisition Corp. and Sunergy Renewables Complete Business Combination

Retrieved on: 
Wednesday, March 13, 2024
Growth, Symbol, Partnership, LLP, Acquisition, Business analyst, Energy, Kirkland & Ellis, Management

DALLAS and NEW PORT RICHEY, Fla. , March 13, 2024 (GLOBE NEWSWIRE) -- ESGEN Acquisition Corp. (“ESGEN”), a publicly-traded special purpose acquisition company, today announced the completion of its business combination (the “Business Combination”) with Sunergy Renewables, LLC (“Sunergy”), a leading Florida-based provider of residential solar and energy efficiency solutions.

Key Points: 
  • Zeo Energy Corp. to Begin Trading on Nasdaq Under the Ticker Symbols “ZEO” and “ZEOWW” Beginning Thursday, March 14th
    Company to Ring Nasdaq Closing Bell on Wednesday, March 13th
    DALLAS and NEW PORT RICHEY, Fla. , March 13, 2024 (GLOBE NEWSWIRE) -- ESGEN Acquisition Corp. (“ESGEN”), a publicly-traded special purpose acquisition company, today announced the completion of its business combination (the “Business Combination”) with Sunergy Renewables, LLC (“Sunergy”), a leading Florida-based provider of residential solar and energy efficiency solutions.
  • At the closing, ESGEN changed its name to “Zeo Energy Corp.” (“Zeo”), and will be led by Sunergy’s senior management.
  • The Board of Directors of Zeo will include members from both Sunergy and ESGEN.
  • Funds from the transaction are expected to fund Zeo’s operations and growth strategy and pay certain expenses related to the Business Combination.

SK Capital Closes Fund VI; Exceeds Target at $2.95 Billion

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Finance, UBS, Kirkland & Ellis, Investment, LLP, Capital

SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.

Key Points: 
  • SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.
  • The fund is the latest vintage of the Firm’s Flagship private investment strategy.
  • “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest.
  • “SK Capital is honored to be partnering with such a diverse set of respected and experienced private equity investors,” added SK Capital Managing Director Ben Dillon, who leads the Firm’s investor relations, fundraising and co-investment initiatives.

JBT Corporation Announces the Execution of a Definitive Transaction Agreement with Marel hf., Representing a Significant Milestone Towards the Anticipated Launch of a Voluntary Takeover Offer for All Marel Shares

Retrieved on: 
Friday, April 5, 2024
Machine Tools, Metalworking & Metallurgy, Food Tech, Retail, Technology, Manufacturing, Other Technology, Food, Beverage, FSA, Logic, ICL, Icelandic, LEX, Central bank, Goldman Sachs, Form, Nasdaq Iceland, Prospectus, JBT, JBT Corporation, Wells Fargo, Kirkland & Ellis, Security (finance)

(ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.

Key Points: 
  • (ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.
  • The transaction agreement includes the terms of the offer and other important governance, social, and operating items relating to the proposed business combination of JBT and Marel.
  • Pending final approval by the FSA, JBT currently expects to launch the offer in May 2024.
  • The transaction is expected to close by the end of 2024, subject to regulatory clearance and applicable shareholder approvals.

Quinbrook Closes $600m Solar+Storage ‘Continuation Fund’

Retrieved on: 
Thursday, April 4, 2024
Environment, Finance, Consulting, Utilities, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Power purchase agreement, Growth, LLP, APG, VoF, LP record, CO2, ABP, PJT Partners, Fund, Kirkland & Ellis, Kilowatt-hour, Renewable energy

Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition today announced the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors.

Key Points: 
  • Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition today announced the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors.
  • The lead investor in the Quinbrook Valley of Fire Fund is Blackstone Strategic Partners.
  • “Energy transition is a major theme for Blackstone and we are excited to invest with Quinbrook and Primergy,” said Mark Bhupathi, Head of Blackstone Infrastructure Secondaries.
  • Kirkland & Ellis LLP served as legal counsel to Quinbrook, while Proskauer Rose LLP served as legal counsel to Blackstone Strategic Partners.